Class Action Against Marsh & McLennan To Proceed

Law360 (July 24, 2006, 12:00 AM EDT) -- A class action securities lawsuit alleging bid-rigging and price-fixing by insurance company Marsh & McLennan will head to court, after a judge ruled that the plaintiffs’ allegations warrant a jury trial.

While Judge Shirley Wohl Kram did not opine on the validity of the allegations, she ruled that they had been sufficiently argued, and ordered a jury trial.

“A rational jury could conclude that a reasonable investor would find it significant that (Marsh & McLennan) was generating substantial earnings from its improper business practices and jeopardizing...